Eclectic Associates Inc. ADV bought a new stake in SpaceX (NASDAQ:SPCX – Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,217 shares of the company’s stock, valued at approximately $636,000.
A number of other institutional investors and hedge funds also recently modified their holdings of SPCX. Acropolis Investment Management LLC bought a new position in shares of SpaceX during the third quarter worth $268,000. First Heartland Consultants Inc. increased its position in shares of SpaceX by 251.3% in the 3rd quarter. First Heartland Consultants Inc. now owns 9,176 shares of the company’s stock valued at $1,384,000 after buying an additional 6,564 shares in the last quarter. Galvin Gaustad & Stein LLC acquired a new stake in SpaceX during the 3rd quarter worth $2,541,000. Grove Bank & Trust bought a new position in SpaceX during the third quarter worth about $344,000. Finally, Wisconsin Wealth Advisors LLC bought a new stake in shares of SpaceX in the third quarter worth about $929,000.
Insider Buying and Selling
In other SpaceX news, COO Gwynne Shotwell sold 342,170 shares of the business’s stock in a transaction that occurred on Tuesday, September 22nd. The stock was sold at an average price of $153.57, for a total transaction of $52,547,046.90. Following the transaction, the chief operating officer owned 2,472,035 shares of the company’s stock, valued at $379,630,414.95. The trade was a 12.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
SpaceX Trading Down 4.2%
SpaceX (NASDAQ:SPCX – Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported ($0.09) EPS for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.17. The firm had revenue of $7.81 billion during the quarter. The firm’s quarterly revenue was up 91.9% on a year-over-year basis. On average, research analysts anticipate that SpaceX will post 0.09 EPS for the current fiscal year.
SpaceX News Roundup
Here are the key news stories impacting SpaceX this week:
- Positive Sentiment: Starlink spectrum acquisition expands SpaceX’s addressable market. SpaceX agreed to acquire Grain Management’s nationwide portfolio of 800 MHz licenses, covering as much as 14 MHz of paired spectrum across nearly the entire U.S. The deal could improve indoor coverage and help Starlink develop nationwide satellite-to-phone and terrestrial wireless services, positioning the company as a potential competitor to AT&T, Verizon and T-Mobile. The transaction still requires final FCC approval. Reuters spectrum acquisition report
- Positive Sentiment: Regulatory and analyst support reinforce the growth narrative. The FCC approved SpaceX’s plan for up to 15,000 next-generation Starlink satellites for direct-to-device connectivity, while Morgan Stanley maintained a Buy rating and a $300 price target. Dan Ives also added SpaceX to his AI “Winner List.” FCC satellite approval report
- Positive Sentiment: Investors continue to focus on SpaceX’s long-term AI and connectivity potential. Elon Musk highlighted an eventual opportunity spanning Starship, AI, robotics and space-based industries. SpaceX’s reported AI-compute agreements and Starlink’s operating profitability provide a bullish rationale for its ambitious valuation, although much of this upside remains dependent on execution.
- Neutral Sentiment: Telecom-sector reaction underscores both opportunity and competition. Shares of major wireless carriers declined as investors assessed SpaceX as a new nationwide rival, while cell-tower stocks benefited from expectations that satellite and terrestrial networks may require additional infrastructure.
- Negative Sentiment: A large insider share unlock could increase selling pressure. Approximately 319 million shares, potentially worth up to $51 billion, became eligible for sale, creating a substantial near-term increase in tradable supply.
- Negative Sentiment: Reported AI financing plans raise leverage concerns. SpaceX is reportedly discussing roughly $40 billion of loans and investment-grade debt to purchase Nvidia chips. The plan could accelerate AI revenue growth, but investors are concerned about debt, capital intensity and credit risk despite the company’s reported cash holdings. CNBC financing report
- Negative Sentiment: Insider selling and international delays add caution. ARK Invest sold approximately $4.7 million of SpaceX shares, while Starlink’s launch in India remains stalled amid regulatory and political disputes. These developments temper the otherwise bullish spectrum and AI announcements.
Wall Street Analyst Weigh In
A number of research firms have issued reports on SPCX. Argus upgraded SpaceX from a “hold” rating to a “buy” rating and set a $160.00 target price for the company in a report on Friday, August 7th. HSBC initiated coverage on shares of SpaceX in a research report on Thursday, July 23rd. They issued a “hold” rating and a $115.00 target price for the company. Zacks Research upgraded shares of SpaceX to a “hold” rating in a research note on Monday, June 15th. KeyCorp reaffirmed a “sector weight” rating on shares of SpaceX in a research report on Tuesday, July 28th. Finally, Guggenheim began coverage on SpaceX in a report on Friday, August 7th. They set a “buy” rating on the stock. Three investment analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, nine have issued a Hold rating and six have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $219.77.
Read Our Latest Report on SpaceX
About SpaceX
Space Exploration Technologies Corp. (SpaceX) is a privately held aerospace company founded in 2002 by Elon Musk. The company develops and operates launch vehicles, spacecraft and satellite systems designed to reduce the cost of access to space and support commercial, government and scientific missions.
SpaceX’s primary products and services include the Falcon 9 and Falcon Heavy launch vehicles, the Dragon spacecraft and the Starlink satellite internet network. The company also is developing Starship, a fully reusable launch and spacecraft system intended for missions to Earth orbit, the Moon and Mars.
Featured Stories
- Five stocks we like better than SpaceX
- Want Private-Market Access to Kalshi and Polymarket? Try This ETF
- Levi’s Stock Dip Reveals Value Opportunity Despite Q3 Headwinds
- PepsiCo Stock Looks Poised to Bottom With High Yield, Deep Value
- Alphabet’s $1.8 Billion Black Hills Deal Powers AI Data Center Push
Receive News & Ratings for SpaceX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SpaceX and related companies with MarketBeat.com's FREE daily email newsletter.
